Al Akaria board proposes dividend for H2 2016

21/02/2017 Argaam

The board of Saudi Real Estate Co. (Al Akaria) has proposed a 5 percent cash dividend (SAR 0.5 per share) for the second half of 2016, the company said, bringing the total dividend for fiscal year 2016 to SAR 1 / share.

 

Cash Dividend Details (H2 2016)

Current capital

SAR 1,200 mln

Number of shares

120 mln

Cash dividend

SAR 60 mln

Percent capital

5% (SAR 0.50/share)

Record date

General assembly (To be announced)

Payment day

To be announced

 

Dividend for FY 2016

Total cash dividend

SAR 120 mln

Percent of capital

10% (SAR 1/share)

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